Vivek Ramaswamy Might Overtake Ron DeSantis In National Polls – Here's The Stock Set To Benefit If He Takes The Primary

Vivek Ramaswamy isn't who you'd expect to be a rising star in the Republican Party, but that certainly seems to be the case after the GOP presidential primary debate. The 38-year-old pharmaceutical executive has begun topping current Florida Gov. Ron DeSantis in national polls following a blowout performance in Wednesday's debate. 

While many polls leave DeSantis in second, it's clear his favor among voters is falling while Ramaswamy's is climbing. In March, DeSantis was consistently polling above 35% among voters. Many recent polls put him under 15%. 

Ramaswamy announced his run for president near the end of February and was polling between 1% and 5%. Recent polls conducted by Rasmussen Reports and McLaughlin & Associates put Ramaswamy as high as 24%, with some polls putting him with a lead over DeSantis. 

While these two candidates vie for second place, nearly all polls give former President Donald Trump a substantial lead, polling at over 50%. Trump now has indictments in four states, which has seemingly galvanized his base. The former president's lead has consistently grown since he relaunched his campaign in 2022. Trump's return to X, formerly Twitter, last Friday will likely only help his polling numbers. 

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Ramaswamy Policies And Stocks Set To Benefit 

A number of Ramaswamy's policies include decreasing government spending and regulation. While these might not have a direct impact on any individual stocks, the S&P 500 and Nasdaq Stock Exchange often benefit generally from policies relating to certain areas of deregulation. 

Oil, Coal, Nuclear And Natural Gas

Like many GOP candidates, Ramaswamy supports energy solutions associated with natural resources like oil, coal, nuclear and natural gas. Because of this, it's likely many stocks in these sectors would benefit largely from a Ramaswarmy presidency. This includes stocks like:

• ExxonMobil Corp.
• Chevron Corp.
• ConocoPhillips
• Constellation Energy Corp.
• NuScale Power Corp.

Bitcoin And Cryptocurrency

While Ramaswamy opposes central bank digital currencies (CBDCs), he has said he is a fan of Bitcoin. Ramaswamy has openly supported Bitcoin, and his campaign page accepts donations in Bitcoin, Doge, Shiba Inu and several other cryptocurrencies. It is unclear whether the candidate will implement policies directly promoting cryptocurrency. Ramaswamy has stated his intentions to strengthen the U.S. dollar over Bitcoin. 

Silicon Valley And Startups

With an eye toward innovation, Ramaswamy's America First 2.0 agenda and his background in technology and innovation, it's likely many traditional technology stocks would be set for a rally. Stocks like Alphabet Inc. and Apple Inc. perform well regardless of which party is in the White House. But tax incentives relating to moving operations to America could help benefit their bottom line in the long run. 

Promoting innovation and small businesses in the U.S. will likely have a positive effect. The venture capital market has seen declines of over 50% in the U.S. for the first six months of 2023. Retail startup investing platforms like StartEngine and Wefunder have seen declines at slower rates but are beginning to rebound. Many of these sectors could move in a positive direction because of deregulation and policies promoting small businesses, innovation and working trades. 

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